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Americans Are Buying Fewer Staples as Inflation Crimps Budgets

  • Data show volume declines in three months through July 10
  • Analyst says price hikes are continuing in second half of 2022
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US Inflation Soars to 9.1%, Topping Forecasts

Higher prices for personal- and home-care items are finally driving consumers to buy less.

Retail unit sales in the US for items such as laundry detergent, shampoo and diapers fell in the three months through July 10 compared to a year earlier, according to a Bloomberg Intelligence report citing data from market researcher IRI. Volume declined for seven out of the nine categories tracked, with facial cosmetics and adult incontinence products being the only exceptions.